Tesla profitable for first time since 2016, to become USA's #1 luxury carmaker - Sensationalist Headlines

After Tesla's "historic" quarter - Q3 2018 - where it posted its first profits in 2 years - the American automaker had just 2 profitable quarters in its history, the last one being in 2016 - and outsold Mercedes-Benz (66,542), Audi (59,478), Acura (41,830) and Infiniti (33,079) in America with close to 70,000 vehicles sold, our current sales estimate indicates that Tesla is on track to surpass Lexus (78,622) and BMW (71,679) in the final quarter of this year. "Although we only sell Model 3, Model S and Model X, our total U.S. deliveries in Q3 were on par with total vehicle deliveries made by our long-established premium competitors, each of which has multiple models and a vast network of dealerships," Tesla CEO Elon Musk said during the carmaker's third-quarter earnings call on Wednesday. ... Although, these are still preliminary figures, we've also estimated that Tesla is already the leader in the premium vehicle segment in the U.S. in revenue terms - a remarkable milestone, for a 15 year old company with just 3 models and no dealer network. https://www.forbes.com/sites/jeanbaptiste/2018/10/27/tesla-just-outsold-mercedes-benz-audi-acura-infinity-in-america-about-to-crush-bmw-lexus-in-q4/#30f75fc217d1 https://twitter.com/JonErlichman/status/1056196112674107392 The company delivered higher on revenue with a new record of $6.8 billion. It ended the quarter with a rare profit of $1.75 per share. That’s significantly higher than what the street was expecting. As we reported in our preview post, Wall Street was expecting revenue of about $5.667 billion for the quarter and a loss of about $0.53 per share. It appears that the Model 3’s gross margin, which ended up being much higher than expected, made all the difference. Tesla claims that Model 3 GAAP and non-GAAP gross margin were both over 20% in Q3. The company says that labor hours per Model 3 decreased by more than 30% from Q2 to Q3. Tesla (TSLA) releases Q3 results https://electrek.co/wp-content/uploads/sites/3/2018/10/Screen-Shot-2018-10-24-at-4.55.57-PM.jpg?quality=82

Love or hate the guy, he is really passionate about trying to get electric cars to be our main mode of transportation and made them sezt. Which is good for the earth.

Big corp and the powers that be are doing what they can to stop him. It's all about profit.

Just doesn't help that he gives them easy fodder. Tesla was a good thing to happen though. Started a lot of competition from the traditional car manufacturers.

On the other hand same competing big corps have started to make their own electric cars. I remember reading somewhere that this was exactly what Elon wanted to happen. Looks like he is also going to be hell of a lot richer because of Tesla too. This is amazing also because it might pull american car manufacturing out of the troubles of past.

Stock shot the fuck up

Don't worry I'm sure something silly will send it back down soon. One doesn't simply stop the TSLA roller coaster.

Debatable about the good for the earth part. USA's energy grid still uses an abundance of coal. We also have to think about how every car used to be a around 20 tons of rock that had to be excavated, processed, treated then shipped to the factories before even being turned into a car. The processing and manufacturing parts of a cars life makes up about half of the worlds pollution with transportation being 1/4th.

Having electric cars is just one piece of the puzzle, but definitely not a small one. At the very least it will help with the air pollution problem that is starting to plague many cities.

It's the tiniest step we can make while claiming to be progressive. Freighters and factories are the ones that have the most capability to go green but don't due to shareholders and competition or even just plain old "if it ain't broke don't fix it" mentality that plagues these industries. clean city air is nice though I'll agree.

I wish the carbon tax wasn't repealed in Aus. It was a good step towards this. Don't know much about cars in cities, but I sure hope trackless trams pick up, I think there are some planned trials coming soon.

Car manufacturing isn't responsible for half of the world's emissions. Transportation is the biggest sector for carbon emissions now. https://www.epa.gov/sites/production/files/styles/medium/public/2018-03/total_ghg.png https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions

and of those transportation emissions the large majority of them are caused by shipping, since they burn the absolute dirtiest fuel. even an ev being charged from a 100% coal grid is still more efficient than a standard combustion vehicle.

Industry and electricity is what I was getting at not just car manufacturing, I apologize I should have been clearer.

Not really. Even when running on the dirty electricity mix in the US, electric cars are polluting less than petrol and diesel. (Black is petrol, grey diesel, pink shades plug in and regular hybrid, yellow electric and blue is that one fuel cell vehicle.) https://res.cloudinary.com/faktisk/image/upload/s--jPCmnWnQ--/w_900/zf6dtgrgv58ytnosq5ka.jpg Carboncounter | Cars evaluated against climate targets For comparison, the graph is a lot better in Norway. https://res.cloudinary.com/faktisk/image/upload/s--8ZCund1I--/w_1200/luwplnqoqz7feeitqhvx.jpg

Wut? Take a few minutes and read the transportation section report. http://www.ipcc.ch/pdf/assessment-report/ar5/wg3/ipcc_wg3_ar5_chapter8.pdf Page 606 has a nice quick figure that shows the pollution distribution from the transportation section with road transportation well in the lead. In particular Light Duty Vehicles, LDVs are motorized vehicles (passenger cars and commercial vans), are the culprit as LDVs are rapidly being deployed in multiple Asian countries.

Of course they do better! Less energy is wasted as heat and with regenerative breaking and no waste from idling among many things EVs do better they should absolutely do better. There is no debate from me on proving which propulsion system is better for cars when the answer is so plainly obvious. What I'm arguing is that turning 30 tons of rock into a car is an intense and laborious process that spans the entire globe and just by the virtue of being a car a large amount of pollution comes with it being made and then we have to talk about fueling it. I'v been criticizing the systems and logistics that support EV's not the products. I just think that the notion of buying a EV to save the planet is a tad ridiculous when we still get a majority of our grid energy from burning carbon derivatives. I see Tesla barging ahead with its cars but I also see Solar, Wind and Nuclear moving at a comparative snails pace.

He could help dissuade that by not acting like a cunt on Twitter.